Maybulk? Melewar?

Just bought into maybulk yesterday, RM3.92 1000 shares, and today 3.88 300 shares, :)

good result + dividend 2% yield (interem) is not bad.

Melewar result just come out, a very exciting one, for current quarter, they earn 139.5 millions. Omg this is alot. But take a deep look on it, revenue 158m, operating expenses 148.6 so profit = 9.4m, with profit from other operating income around 137.5m.

Not really sure what is this..base on the quarter report :

Review of the performance of the Company and its principal subsidiariesFor the 17 months ended 30 June 2007,

the Group recorded a total revenue of RM810.2million and achieved a profit before tax of RM189.2million.With the early adoption of FRS139, the Group has recognised a fair value gain of RM140.1million another financial asset at fair value through profit or loss. The Group has also made a total tax provision ofRM61.0million, which will be payable upon the realisation of the said financial asset.For the 17 months ended 30 June 2007, the Company’s principal subsidiary, Mycron Steel Berhadrecorded a total revenue of RM482.3million and a profit before tax of RM29.4 million.

seems like this is one time gain from the investment. :)

not much improvement from the business, but do expect a good dividend payout
( 6 sen !)

think about it, buy or not buy, sell or not sell, i have 1 lot on hand...think..